The Alchemy of 5%
BitMine Immersion Technologies released a new investor deck titled “The Alchemy of 5%” alongside a video update from Chairman Tom Lee. The materials explain how current policy shifts, including the SEC Project Crypto and the GENIUS Act, mirror the transformative effect of the 1971 end of the gold standard. Just as Wall Street exploded with innovation after that event, BitMine believes Ethereum is set for a decades-long supercycle of growth. The company argues that institutional adoption of ETH is accelerating at a pace unseen in other digital assets.
Ethereum Treasury Dominance
As of August 31, BitMine reported crypto and cash holdings of $8.98 billion, including 1.87 million ETH valued at $4,458 each, plus 192 Bitcoin and $635 million in cash. This positions BitMine as the #1 Ethereum treasury globally and the #2 overall corporate crypto treasury, behind only Strategy Inc. (MSTR) with its massive Bitcoin stack. The firm launched its ETH accumulation program in July and has already surpassed key milestones, signaling rapid progress toward its 5% market share goal.
Backing From Wall Street Giants
BitMine’s ETH strategy is supported by an elite group of institutional investors such as ARK’s Cathie Wood, Founders Fund, Bill Miller III, Pantera Capital, Galaxy Digital, and Kraken. Tom Lee emphasized that Ethereum represents one of the most compelling macro opportunities of the next 10 to 15 years. He noted that as Wall Street and AI infrastructure move onto blockchain rails, Ethereum’s role in reshaping financial markets will only grow more pronounced.
Rising Stock Market Presence
BMNR has also become one of the most heavily traded stocks in the United States. According to Fundstrat, the stock’s five-day average daily dollar volume reached $2.3 billion, ranking it #22 nationally, just behind Costco and ahead of JPMorgan and Marvel Technologies. This liquidity underscores the growing retail and institutional interest in BitMine’s long-term ETH thesis, which the company continues to outline in its regular investor updates.